
Long-Term Holder Exchange Inflow Volume in Profit sums the BTC deposited each day into identified exchanges from the long-term holding cohort at prices above estimated acquisition cost. The long-term boundary is around 155 days; the reading measures deposited BTC, not the size of gains.
Increasing volume places more profitable older holdings on exchanges, where they may become available for trading. The record was about 49,413 BTC on July 17, 2021; the 2024 high was about 29,632 BTC on July 30. Low volume means fewer profitable old coins entering through this route, not necessarily that the cohort has little unrealized profit.
An exchange deposit is only a step toward possible trading, not proof of profit-taking. A few large entities can dominate a day, and changes in labels or modeled costs can alter the split. Compare deposits with the cohort's broader profitable transfer volume to see whether movement is concentrated toward exchanges.
Yes. Older coins may have an estimated cost far below the prevailing price even after a decline. Profit classification refers to that cost, not to the latest market peak.
No. It only counts the BTC amount deposited to exchanges that day while above estimated cost. Unmoved holdings and the magnitude of their paper gains are outside the reading.
Yes. On July 17, 2021, profitable inflows were about 49,413 BTC while total LTH inflows were about 49,454 BTC. The near match shows a profit-heavy deposit mix, without confirming subsequent sales.